9 Abdullah Haroon Road, Karachi, Karachi, Sindh, Pakistan
Federal Government is making day by day changes in Withholding taxes, like increasing number of transactions subject to withholding tax, responsibilities of withholding agents and penalties. The withholding agents are burdened day by day to collect more than 75% of the revenue from direct taxes, resultantly facing lot of problems in handling withholding tax matters specially, departmental proceedings, who/how/when a withholding agent shall deduct etc. Furthermore, concept of Filer / Non-Filer and change in the rates of tax after every 3-4 months created another problem for the Withholding Agents to identify the category of taxpayer and applicable tax rates.
This day long comprehensive session aims at to review, discuss and understand each and every transaction subject to withholding tax under Income Tax Ordinance, 2001 to resolve day to day practical issues of the Withholding Agents including monitoring u/s 161/162 and harsh recovery proceedings.
At the end of the session the participants will be able to handle their day to day withholding tax matters in a professional manner, resultantly the compliance level will be improved and chances of heavy penalties/prosecution will be minimized.
Concept of withholding tax
Withholding taxes around the globe – an overview
History of withholding taxes
Withholding agent – a partner with no return
Difference between tax deduction and collection at source
Responsibilities of withholding agent
Cost burden on withholding agent
Withholding tax transactions:
Transaction-wise principles for adjustment of tax
Transaction-wise identification as withholding agent
Transaction wise verdict of superior courts
Handling day to day practical issues
How to avoid non-compliance
Rights of withholding agent in the eyes of superior courts
How to handle / reply different type of notices issued by the department.
Handling Withholding Tax Audit
Limits of proceeding u/s 161 in the eyes of superior courts
How to avoid proceeding u/s 161
Time limit for the proceeding u/s 161
How to handle harsh recovery proceedings
Penalties for Non-compliance
Other negative impacts of non-withholding
Harsh penalties and the verdict of superior courts
Practical examples & Group discussion
Fee Per Participant : 15995/-
Mr. Daniyal Soomro
Ph # 021-32640313
Mention that you found this ad on DealMarkaz.pk when you call.